Sweden's Nyfosa Q1 income falls, profit per share rises 7%

Altra Fastigheter AB

04/05/2026 18:54

Overview

Sweden commercial property firm's Q1 income and operating income declined yr/yr

Profit from property management per share rose 7% yr/yr

Company repurchased 7.7% of shares for SEK 1.1 bln during Q1

Outlook

Nyfosa maintains 2026 profit from property management forecast at SEK 1,500 mln

Company sees continued good leasing activity supporting gradual stabilisation of occupancy rate

Nyfosa says external environment remains characterised by structural change and elevated geopolitical uncertainty

Result Drivers

POSITIVE NET LEASING - Co said increased leasing activity and new lease signings, especially in the office segment, contributed to positive net leasing in all markets

PORTFOLIO ROTATION - Co said acquisitions and divestments during the qtr aimed to increase efficiency and reduce portfolio complexity

SHARE REPURCHASES - Co said repurchase of 7.7% of shares was enabled by strong financial position and stable property management performance

Company press release: ID:nMFN4bL15x

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
SEK 275 mln
Q1 Cash Flow Per Share
SEK 1.16
Q1 Operating Income
SEK 553 mln
Q1 Profit From Property Management
SEK 319 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the real estate rental, development & operations peer group is "buy"

Wall Street's median 12-month price target for Nyfosa AB is SEK100.00, about 50.8% above its May 4 closing price of SEK66.30

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)